What is the bonds yield to maturity expressed as an apr


Suppose a? ten-year, $ 1,000 bond with an 8.7 % coupon rate and semiannual coupons is trading for $ 1,035.18

a. What is the? bond's yield to maturity? (expressed as an APR with semiannual? compounding)?

b. If the? bond's yield to maturity changes to 9.4 %?APR, what will be the? bond's price?

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Financial Management: What is the bonds yield to maturity expressed as an apr
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